• Report: #660046

Complaint Review: cash yes

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  • Submitted: Tue, November 09, 2010
  • Updated: Tue, November 16, 2010

  • Reported By: scorpio11455 — La Mesa California United States of America
cash yes
Internet United States of America

cash yes This is a big scam. loan sharks , Internet

*Consumer Comment: More info

*UPDATE EX-employee responds: Get your $ back

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I obtained a 300.00 loan from this company and was led to believe there would be a $90.00 finance charge. I paid the finance charge on the first payment date, and to my astonishment I was charged another $90.00 finance charge two weeks later, with nothing applied to the loan principal.


 I later learned I would be charged $90.00 for the next two payments, again with nothing going towards the principal. The next payment would have been $140.00, with only $50.00 applied towards the principal. If I would have continued to make payments like this every two weeks, I would have paid over $1,500.00 for a $300.00 loan.


This is a complete rip-off. These types of loan companies should not be allowed to operate like this. I do not have a problem with them making a profit for their services, but what they did to me was, I feel borderline illegal. I ended up paying off the loan, which cost me a grand total of $570.00.


This report was posted on Ripoff Report on 11/09/2010 01:47 PM and is a permanent record located here: http://www.ripoffreport.com/r/cash-yes/internet/cash-yes-This-is-a-big-scam-loan-sharks-Internet-660046. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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#1 Consumer Comment

More info

AUTHOR: The Truth - (United States of America)

Cashjar.com & cashyes.com are the same company just different names. Both ran by Ann Stanton. They use to different websites to herd off the authorities when they are forced to close off doing loans in ne state. Such as Cashjar.com can not do loans in CA. so they tell the customer they are going to send them to a lender finder www.cashloansource.com which is also the same as the companies. Its just a way of not letting the customer know that they are still in the same company and it throws the customer off by giving different company name. In actuality the people are sitting across from each other playing games with the customers. Here is the document where they were shut down in CA. Report them still doing business in CA just under cashyes.com but it is the same company. Everything is exactly the same just different name of website. http://www.corp.ca.gov/ENF/pdf/2010/CashJar_dr.pdf
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#2 UPDATE EX-employee responds

Get your $ back

AUTHOR: The Truth - (United States of America)

Yes the company is illegal in ALL 50 states! They are the same as cashjar.com. They hide by saying they are located in belize. They are located at 1501 Hatcher Lane Suite B in Columbia, TN. 38401. They also have a office in Belize. However the majority of the business is done in Tennessee. My advise to you is contact the BBB, Attorney General, Consumer Affairs and the Federal Trade Commission. Demand your refund and they are by law obligated to refund you. Stay on them and dont let them get away with this. There is a class action lawsuit in process at this moment to reward millions of Americans that have been ripped off By Ann Stanton and Ken Colon illegal activities in the USA. Hope this helps!
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